{"id":963620,"date":"2026-05-15T10:38:58","date_gmt":"2026-05-15T14:38:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/a2z-provides-update-to-financial-results-for-first-quarter-2026\/"},"modified":"2026-05-15T10:38:58","modified_gmt":"2026-05-15T14:38:58","slug":"a2z-provides-update-to-financial-results-for-first-quarter-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/a2z-provides-update-to-financial-results-for-first-quarter-2026\/","title":{"rendered":"A2Z Provides Update to Financial Results for First Quarter 2026"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Revenue of $3.3 Million, Up 114%<\/i>\n <\/p>\n

\n Contracted Backlog Surpasses $195 Million, Underscoring Accelerating Global Deployment Momentum and Providing Strong Visibility into Near-term, Recurring Revenue<\/i>\n <\/p>\n

\n Management to Host Conference Call at 8:30 a.m. ET Today<\/i>\n <\/p>\n

\n TORONTO<\/span>, May 15, 2026<\/span> \/PRNewswire\/ – A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) (the “Company” or “A2Z”), a global leader in smart retail technology, announced earlier today its financial results for the first quarter ended March 31, 2026. Certain financial tables included in the Company’s previously issued news release dated May 15, 2026 have been revised. The corrected tables are included in this news release. All other information contained in the previously issued news release remains unchanged.<\/p>\n

Mr. Gadi Graus, Chief Executive Officer of A2Z and Cust2Mate, commented, “Q1 2026 marked an important inflection point for the Company as we accelerated our transition from pilot validation to commercial deployment. During the quarter, we expanded our delivered base to more than 2,500 smart carts and grew our contracted backlog1<\/sup>\u00a0to more than $195 million, representing over 19,000 carts scheduled for deployment globally by the end of 2027. We also began generating retail media revenues during the quarter, further advancing our evolution from a smart cart provider into a broader connected retail platform.<\/p>\n

“We also continued to strengthen our manufacturing readiness and global operational infrastructure to support this contracted pipeline at scale, including expanded production capacity, enhanced supply chain execution and the addition of customer support centers in two new locations to improve deployment support and ongoing retailer service. As deployments scale, stronger shopper engagement and richer behavioral data are expanding monetization opportunities across our platform, creating a growth flywheel that we believe will further strengthen recurring revenue over time. Overall, our progress this quarter reinforces our confidence that our strategy is working.<\/p>\n

“To support accelerating rollout activity and the increasing scale of customer deployments, we recently received approval for a $30 million contract-backed non-dilutive bank credit facility. This facility which will enhance our financial flexibility, aligns capital directly with contracted deployment schedules and reflects strong lender confidence in our business model and execution strategy. Importantly, it will enable us to efficiently support manufacturing, operations, inventory and working capital needs while maintaining a strong balance sheet as we enter the next phase of large-scale growth.”<\/p>\n

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\n 1<\/sup>\u00a0Contracted backlog is a financial measure that has not been prepared in accordance with generally accepted accounting principles (“GAAP”) and constitutes “non-GAAP financial measures” as defined by the SEC. \u00a0Contracted backlog is defined as the total estimate of the revenue the Company expects to realize in the future as a result of performing work on awarded contracts, less the amount of revenue the Company has previously recognized. The Company monitors its backlog because we believe it is a forward-looking indicator of potential sales which can be helpful to investors in evaluating the performance of its business and identifying trends over time.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

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